Gevaplast
ActiveGevaplast has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.22M and a net result of €1.28M. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 156 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-43
Solvency53▼-13
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.78 in 2024), and 59.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.7%
Return on assets
4.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
20 d early
2023
29 d late
2022
11 d early
2021
23 d late
2020
31 d late
2019
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€5.98M
EBIT margin
19.9%
Net result
€1.28M▼ 78.8%
2024 · €6.03M
2018: €174k
2019: €155k
2020: €483k
2021: €476k
2022: €475k
2023: €567k
2024: €6.03M
2018 → 2025
Working capital
€-2.94M▼ 298%
2024 · €-740k
2018: €1.85M
2019: €1.95M
2020: €2.39M
2021: €1.46M
2022: €-5.63M
2023: €-5.77M
2024: €-740k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.98M
Equity€2.88M-€3.35M▲ 16.5%€3.92M▲ 16.9%€9.95M▲ 154%€11.22M▲ 12.8%
Operating result€642k-€679k▲ 5.7%€829k▲ 22.1%€1.19M▲ 43.7%€1.03M▼ 14.0%
Net result€476k-€475k▼ 0.2%€567k▲ 19.3%€6.03M▲ 963%€1.28M▼ 78.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.59M
Fixed assets
€23.79M▲ 30.7%
Current assets
€3.80M▲ 41.3%
Equity and liabilities €27.59M
Equity
€11.22M▲ 12.8%
Debt
€16.37M▲ 49.6%
The debt ratio rises from 52.4% to 59.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.66M▲
2024 · €1.47M
Cash flow
€1.91M▼
2024 · €6.30M
Solvency
40.7%▼
2024 · 47.6%
Current ratio
0.56▼
2024 · 0.78
Quick ratio
0.42▼
2024 · 0.60
Debt / equity
1.46▲
2024 · 1.10
ROE
11.4%▼
2024 · 60.6%
ROA
4.6%▼
2024 · 28.8%
Interest coverage
4.61▼
2024 · 7.80
Debt
€16.37M▲
2024 · €10.94M
Debt ≤ 1 year
€6.74M▲
2024 · €3.43M
Debt > 1 year
€9.35M▲
2024 · €7.33M
Income taxes
€181k▼
2024 · €272k
Staff costs
€1.62M▲
2024 · €1.10M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€20.89M€27.59M▲
Fixed assets21/28€18.20M€23.79M▲
Intangible fixed assets21-€506k
Tangible fixed assets22/27€1.48M€2.99M▲
Land and buildings22€47k€357k▲
Plant, machinery and equipment23€742k€1.26M▲
Furniture and vehicles24€19k€6k▼
Leasing and similar rights25€563k€1.28M▲
Other tangible fixed assets26€112k€88k▼
Financial fixed assets28€16.72M€20.29M▲
Affiliated companies280/1€16.72M-
Participating interests280€16.72M-
Current assets29/58€2.69M€3.80M▲
Stocks and contracts in progress3€643k€937k▲
Stocks30/36€643k€937k▲
Raw materials and consumables30/31€274k-
Finished goods33€370k-
Amounts receivable within one year40/41€1.15M€1.85M▲
Trade receivables40€1.03M€1.62M▲
Other amounts receivable41€121k€225k▲
Cash at bank and in hand54/58€891k€1.00M▲
Deferred charges and accrued income490/1€6k€13k▲
Equity and liabilities
Total equity and liabilities10/49€20.89M€27.59M▲
Equity10/15€9.95M€11.22M▲
Contributions10/11€775k€775k=
Reserves13€9.17M€10.45M▲
Non-distributable reserves130/1€84k€84k=
Reserves not available under the articles1311€78k€78k=
Other1319€7k€7k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€9.07M€10.35M▲
Amounts payable17/49€10.94M€16.37M▲
Amounts payable after more than one year17€7.33M€9.35M▲
Financial debts170/4€7.33M€9.35M▲
Credit institutions173€5.15M-
Other loans174€2.18M-
Amounts payable within one year42/48€3.43M€6.74M▲
Current portion of amounts payable after more than one year42€1.29M€1.79M▲
Financial debts43€300k€1.71M▲
Credit institutions430/8€300k€1.71M▲
Trade debts44€402k€1.30M▲
Suppliers440/4€402k€1.30M▲
Taxes, remuneration and social security45€277k€281k▲
Taxes450/3€151k€40k▼
Remuneration and social security454/9€125k€241k▲
Other amounts payable47/48€1.16M€1.66M▲
Accrued charges and deferred income492/3€188k€281k▲
Income statement
Code20242025
Operating income70/76A€6.04M-
Turnover70€5.98M-
Other operating income74€57k-
Non-recurring operating income76A-€207k
Operating charges60/66A€4.85M-
Goods for resale, raw materials and consumables60€2.12M-
Purchases600/8€1.92M-
Change in stocks: decrease (increase)609€199k-
Services and other goods61€1.32M-
Remuneration, social security and pensions62€1.10M€1.62M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€274k€634k▲
Other operating charges640/8€29k€20k▼
Non-recurring operating charges66A€912-
Gross operating margin9900-€3.30M
Operating profit (loss)9901€1.19M€1.03M▼
Financial income75/76B€6.15M€792k▼
Recurring financial income75€6.15M€792k▼
Income from financial fixed assets750€6.15M-
Financial charges65/66B€1.04M€360k▼
Recurring financial charges65€188k€360k▲
Other financial charges652/9€188k-
Non-recurring financial charges66B€857k-
Profit (loss) for the period before taxes9903€6.30M€1.46M▼
Income taxes67/77€272k€181k▼
Taxes670/3€272k-
Profit (loss) for the period9904€6.03M€1.28M▼
Profit (loss) for the period to be appropriated9905€6.03M€1.28M▼
Appropriation of the result
Profit (loss) to be appropriated9906€8.08M€1.28M▼
Profit (loss) brought forward from the previous period14P€2.06M-
Transfer to equity691/2€8.08M€1.28M▼
To other reserves6921€8.08M€1.28M▼
Social balance
Average headcount (FTE)908715.120.0▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €10MEq €11.22M ▲12.8%
8 profitable years in a row build equity to €11.22M.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €6.03M ▲963%
Operating result €1.19M, net result €6.03M, both a record.
31-12
Financial
Equity above €5MEq €9.95M ▲154%
7 profitable years in a row build equity to €9.95M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
31-12
Financial
Weakest financial yearnet €155k ▼11.3%
Net result drops to €155k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 1957
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industriepark-Drongen 229031 GentGround area
1.8 ha
Building footprint
6,603 m²
Volume, LiDAR
39,199 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Industriepark-Drongen 22, 9031 Gent
since 19572.005.645.145
Gevaplast Izegem
since 20252.372.899.023
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0805/00M002 | Flanders | 1.1 ha | 1 · 4,373 m² | 8.4 m · 2 fl. |
| 36494D0285/00C000 | Flanders | 6,695 m² | 1 · 2,229 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 45,611 EUR awarded · 40,552 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 15,770 EUR | 11,082 EUR |
| 2024 | 3 | 18,427 EUR | 18,115 EUR |
| 2023 | 2 | 5,753 EUR | 5,694 EUR |
| 2022 | 2 | 5,661 EUR | 5,661 EUR |
Schemes
Subsidies voor internationaal ondernemen
Werkbaarheidscheque (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
B.S.I.
BE 0893.134.725
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Nervia Plastics
BE 0400.311.674
Ninove · Eq €11.38M
SABCA LIMBURG
BE 0438.251.146
Lummen · Eq €10.72M
PLASTIC UNION
BE 0413.705.790
Menen · Eq €10.71M
Drukkerij-Uitgeverij Die Keure
BE 0405.108.325
Brugge · Eq €12.35M
Of 366 companies in sector 22210 we hold annual accounts for 288. 119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
22210Manufacture of rubber and plastic products
22220Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.